Cambodia faces risks from a credit boom, the IMF warns
The International Monetary Fund has warned that a credit boom in Cambodia poses a threat to economic growth.
Banks have been cutting interest rates to win customers and private sector credit has increased by almost a third in the past 12 months, the fund said.
This
Cambodia denies it plans to build a nuclear power plant
The Cambodian government says reports that it is planning to build a nuclear power plant are untrue.
Cambodia denies it plans to build a nuclear power plant (Credit: ABC) A report originating in the Bangkok Post newspaper has been replicated internationally.
It says the Prime Minister Hun
Boeng Kak Families Pitch a New Solution to Land Dispute
A group of Phnom Penh residents locked in a long-running land dispute with a real estate project owned by CPP Senator Lao Meng Khin are pitching City Hall a plan they hope will prevent them from being evicted and keep them close to home.
“We
Going home to vote? Expect a hike in travel prices
Voters who travel to cast ballots in the upcoming poll Sunday could face higher transportation fees as drivers and companies try to capitalise on heavier passenger volume.
Phan Na, general manager at Phnom Penh Sorya Transportation, which sells bus tickets to several provinces, said fees could
http://www.phnompenhpost.com/business/going-home-vote-expect-hike-travel-prices
In Cambodia, Shifting Allegiances Shape a Tougher Than Usual Election
ANLONG VENG, Cambodia — A decade and a half after the last remnants of the Khmer Rouge capitulated in this northwestern town, the streets are festooned with images of their erstwhile enemy, Prime Minister Hun Sen, who is seeking to prolong his 28 years in
In Cambodia, Cyber Casinos Fall Into a Legal Gray Area
In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down.
To the north, in
Deputy Prime Minister Says Homeless People A worry For Tourism
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- Industries / Land / Siem Reap / Tourism
Deputy Prime Minister Men Sam An yesterday said the government should clear beggars away from the country’s most popular tourism sites by providing them with decent education and legal ownership of their land.
“We have performed well in working with homeless people, but I noticed
Japan signs a $90m loan deal to improve highway
After reaching agreement late last month, the contract for a $90 million concession loan from Japan to Cambodia was officially signed in Phnom Penh yesterday to improve 83.5 kilometres of National Road 5.
The construction is scheduled to start in June 2015 and will be
Peace a Priority as Officials Prepare for CNRP Rally Security
With the opposition CNRP expecting at least 10,000 people to turn out for a rally in Phnom Penh on Monday, a military police official said Thursday that any attempt to disturb the peace would not be tolerated.
Brigadier General Kheng Tito, spokesman for the military police,
Khy Sovuthy
http://www.cambodiadaily.com/elections/peace-a-priority-as-officials-prepare-for-cnrp-rally-security-40678/
Cambodia to Keep a Close Eye on Severe Typhoon Haiyan
Authorities said Thursday they were closely watching the development of the world’s biggest storm to materialize so far this year as it hits the Philippines today before moving west toward Vietnam and Cambodia in the following days.
“Our first step is to keep a close eye
Mech Dara
http://www.cambodiadaily.com/news/cambodia-to-keep-a-close-eye-on-severe-typhoon-haiyan-46751/
De Castle Royal construction moves ahead at a princely pace
Even as political instability led to a drop in Phnom Penh’s housing market over the last few months, construction and sales of De Castle Royal steamed ahead in the third quarter.
Now fully over the fallout from the 2008 global financial crisis, a recent $28 million
Hin Pisei
http://www.phnompenhpost.com/real-estate/de-castle-royal-construction-moves-ahead-princely-pace
A New Royalist Party Would Have Little Hope, Analysts Say
Cambodian political analysts say a new royalist party would have little hope of success.
Prince Norodom Ranariddh, who once led Cambodia’s dominant post-war political party, Funcinpec, told VOA Khmer on Monday he plans to launch a new royalist party for commune elections later this year and
Heng Reaksmey
http://www.voacambodia.com/content/a-new-royalist-party-would-have-little-hope-analysts-say/1859956.html
Half a million Cambodians affected by land grabs: rights group
More than half a million Cambodians have been affected by land conflicts involving the government since 2000, with more than 2,000 families across the country subjected to largely violent land grabs during the first few months of this year, local rights group Licadho said Tuesday.
The
Joshua Lipes
http://www.rfa.org/english/news/cambodia/land-04012014170055.html
Khmer Krom Seeking Refuge Remain in a State of Limbo
Khmer Krom people fleeing persecution in Vietnam and denied refuge in Thailand are being sent to Cambodia, where the government does not ensure that their rights are protected, the Minority Rights Organization (MIRO) has said in a new report.
The report—“Abandoned People Khmer Krom Seeking Refuge
Lauren Crothers
http://www.cambodiadaily.com/news/khmer-krom-seeking-refuge-remain-in-a-state-of-limbo-51557/
Scraping out a living in Pailin’s spent gem mines
Late last month, Nhem Bunna, a retired government soldier, struck it lucky here like few have since Ieng Sary led his Khmer Rouge rebels to defect to Phnom Penh in 1996.
Clutching his index finger below the top joint, his feet still in the silt of
Hul Reaksmey and Alex Willemyns
http://www.cambodiadaily.com/news/scraping-out-a-living-in-pailins-spent-gem-mines-61043/
The Assassination of Union Leader Chea Vichea—A Decade On
Ten years after his assassination, friends and associates remember Chea Vichea, the founding president of the Free Trade Union, as a quiet man but a charismatic leader, passionate about labor issues and the right for workers to collectively bargain for higher wages and better conditions.
Denise Hruby
http://www.cambodiadaily.com/news/the-assassination-of-union-leader-chea-vichea-a-decade-on-50951/
Starting a business in Cambodia is getting harder, report says
Almost every aspect of starting or operating a business in Cambodia is becoming more difficult, according to a World Bank report released Wednesday.
“Starting a business in Cambodia requires 11 procedures, takes 101.0 days, costs 139.5 percent of income per capita and requires paid-in minimum
Joshua Wilwohl
http://www.cambodiadaily.com/business/starting-a-business-in-cambodia-is-getting-harder-report-says-71343/
Police hunt for more people behind a tycoon’s death
Phnom Penh police are hunting for another four suspects for being behind the assassination of tycoon Ung Meng Cheu who was gunned down on November 22 in Chamkar Morn district.
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/police-hunt-for-more-people-behind-a-tycoon%E2%80%99s-death-7822
Two arrested for attempting to traffic a woman to China
Anti-human trafficking police on Monday arrested two men at the Phnom Penh International Airport as they attempted to traffic a woman to China to marry a man there, police said Tuesday.
Chinese national Xu Xiandai, 30, and Cambodian Heng Seng, 53, were arrested at 7 a.m.
Hay Pisey
https://www.cambodiadaily.com/news/two-arrested-for-attempting-to-traffic-a-woman-to-china-74340/
Poverty reduction a mixed success, as countryside rates remain high
Cambodia’s efforts to eradicate extreme poverty and hunger have yielded mixed results, despite the government’s claim it has reduced the poverty rate ahead of a UN deadline.
But many people remain near the poverty line, vulnerable to natural disasters, such as flooding, that could put
Men Kimseng,
http://www.voacambodia.com/content/poverty-reduction-a-mixed-success-as-countryside-rates-remain-high/2640700.html
